1853-55 Hoffman St

New Construction Three-Unit Apartment Building For Sale in Downtown Philadelphia. Ideal for Owner-User or as an Investment. The first-floor unit is Approx +/-1,775 sqft, has two levels, and can be used as either commercial or residential space. The second and third-floor units are large 2-bedroom residential apartments with a rooftop terrace. Cap Rate: 8%, with expenses estimated at $5,000 Year and income estimated at $80,400 Year. Locked-in Tax Abatement through October 31, 2030. The seller can sell the property vacant or occupied. Each Unit utilities are metered separately. All units feature modern kitchens with beautiful quartz countertops and large quartz islands, complemented by sleek stainless-steel appliances that enhance the contemporary tone. Unit One, most recently occupied by a community daycare center, is a bi-level unit with 2 private rooms, 1 bathroom (with a soaking tub and attached shower) a kitchen as described above, and access to a private yard. The lower level contains 2 additional private rooms, a large multi purpose room/area and 2 bathrooms, both with large showers. Laundry facilities are also conveniently located on this level. Units 2 and 3 each contain 2 ample-sized bedrooms, 2 full bathrooms (both with soaking tubs and attached showers), and the modern kitchen. The rooftop deck features a panoramic view of the city skyline and is enhanced with stylish light fixtures and speakers, creating the perfect ambiance for relaxation or entertaining guests after sundown. All three units include front-loading washers and dryers, central air, modern kitchens, natural sunlight, and ample closet space. Walking distance to top-rated medical facilities, tech industry hubs, educational institutions, and all city amenities and conveniences. A 10-minute drive to Philly Sports Venues and I-95 with easy access to New York, Delaware, and New Jersey.